CAXIAS DO SUL, Brazil —In 2022, Randon Companies reached the highest consolidated net revenue in its 74 years. BRL 11.2 billion were booked, which represents an 23-percent increase in comparison with the accumulated result of the previous year. The amount…
ODENSE, Denmark — Meneta Group is pioneering in the international automotive industry by committing to fossil-free steel from SSAB for its global production of components and sealing materials, mainly for the automotive industry. From 2026, Meneta expects initial Scope 3…
STEZZANO, Italy — Brembo reported record annual revenues in 2022 at €3,629 MILLION, a figure representing a 30.7-percent increase when compared to those of 2021. Accompanying the revenue increase was a 35.9-percent jump in net profits year-to-year which translated to…
CAXIAS DO SUL, Brazil – In 2022 Fras-le achieved record result with increasing, balanced and positive performance in all operations in Brazil and worldwide. The company’s consolidated net revenue was R$ 3.1 billion, an increase of 18 percent compared to…
Source: ConMet announcement ORLANDO, Fla. –– ConMet, a leading global provider of transformative technologies for commercial trucks and trailers, announced its upcoming product and capability expansion plans for each business unit, including braking. The company’s ongoing focus on tech-enabled innovation,…
Meneta Group, a leading supplier of high-quality braking components to the automotive industry, is celebrating its 70th anniversary. Since its inception as a local toolmaker shop in 1953, the company has expanded into a global network of companies with a…
Source: Knorr-Bremse announcement MUNICH — Knorr-Bremse AG remains on its growth course despite global crisis. The global market leader for braking systems and leading provider of other systems for rail and commercial vehicles yesterday presented its preliminary results for the…
Source: Jaratek announcement DONCASTER, U.K. — Founded in 1995, Doncaster based Juratek Ltd has expanded to become a brand leader in the automotive-and-commercial-vehicle parts distribution aftermarket, generating a turnover of £24.5 million in the UK, Europe and beyond. A management…
Source: Fras-le announcement CAXIAS DO SUL, Brazil — Expanding its global operations as a reference in auto parts for motion control, Fras-le announced the acquisition of AML Juratek, in the U.K. The investment is about £18.2 million, and the completion…
Source: Bosch announcement STUTTGART, Germany – Despite the challenging macroeconomic situation, Bosch, the supplier of technology and services, succeeded in increasing sales and result in the 2022 business year. According to preliminary figures, the Bosch Group generated total sales of…
Source: MarketsandMarkets announcement CHICAGO – The brake system market is projected to reach $28.1 billion by 2027, increasing from an estimated $2 billion in 2022, according to a recently published report by MarketsandMarkets™. The research organization predicts a compound annual…
Source: Winhere Brake Parts announcement BARTLETT, Ill. — Winhere Brake Parts has recognized Russ Wilshusen from Schnair Sales & Service with its Annual Sales Representative of the Year award. Wilshusen is a highly regarded industry veteran who just celebrated his…
Source: MarketsandMarkets announcement CHICAGO – Autonomous (AV)/self-driving cars market size is projected to grow from 20.3 million units in 2021 to 62.4 million units by 2030, at a compound annual growth rate (CAGR) of 13.3 percent, during the forecast period,…
Source: Dellner Bubenzer announcement STAŇKOVICE, Czech Republic — Heavy-duty brake manufacturer Dellner Bubenzer Group recently expanded its Czech facility, specifically used to manufacture products for on and offshore wind turbine applications across Europe. Dellner Hydratech Czech Republic s.r.o. is strategically…
AUSTIN – Two North Carolina Tesla owners filed a class-action lawsuit Jan. 9th against the Texas electric-car maker claiming incidents of phantom braking affecting their Model 3 and Model Y vehicles. The company was involved in a similar suit last…
Source: Hesai Technology announcement Palo Alto – Hesai, a global leader in LiDAR technology, announced a new design win with SAIC’s electric vehicle brand – Rising Auto (formerly known as the R brand; also known as Feifan in China). The…
Source: Quince Market Insights announcement PUNE, India — The Automotive Friction Brake System Market by Type, End-user, and Geography – Forecast and Analysis 2023-2032 research report represents major insights on the current growth dynamics as well as the primary revenue…
Source: ZF announcement FARMINGTON HILLS, Mich. — ZF, the world’s leading supplier of automotive cameras, announced in the run-up to the Consumer Electronics Show (CES) in Las Vegas that it has produced its 50 millionth automotive camera and has surpassed…
Source: Bosch announcement STUTTGART Germany – Connected vehicles will make mobility more efficient, safer, more relaxed, and more intelligent. For this, the vehicles – whether on the road, in the air, or on the factory floor – will have to…
SHANGHAI – Honda will recall some 200,000 hybrid vehicles produced in China due to a potential issue with the brake pedal sensor, according to multiple media reports based on a statement by China’s State Administration for Market Regulation. Further according…
Source: Brembo announcement NANJING, China — SENSIFY™, the pioneering intelligent braking system of Brembo, received a Gold Award in the chassis forward-looking category for its extraordinary strength, on the occasion of the 7th Lingxuan Awards Ceremony. The Lingxuan Awards (China…
Source: ZF announcement Friedrichshafen, Germany — ZF has initiated the first launch of its Imaging Radar technology to China’s SAIC Motor Corporation for its R-Series vehicles. Previously known as Full-Range Radar, ZF Imaging radar perceives vehicle surroundings in four dimensions,…
Source: ZF announcement FRIEDRICHSHAFEN, Germany –As China’s automotive industry moves faster in pursuit of intelligence, the proportion of high-value, high-performance electronic components in the total value of vehicles are rising rapidly. On December 12, global technology company ZF Group announced…
Source: Honda announcement TORRANCE, Calif. — Honda plans to expand the capabilities of its previously announced Honda Sensing 360 and Honda Sensing Elite advanced safety and driver assistive systems. The improved Honda Sensing 360 system will begin rolling out in…
Source: ResearchAndMarkets.com announcement DUBLIN — The brake system market is projected to reach $28.1 billion by 2027 from an estimated $22.2 billion in 2022, at a compound annual growth rate (CAGR) of 4.8 percent during the forecast period, according to…